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Labour to put crack squad of economy experts in Whitehall if they win election

by Justin Marsh
March 19, 2024
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A SQUAD of economic experts will be put at the heart of Whitehall if Labour seizes power — to get Britain booming.

Shadow Chancellor Rachel Reeves is plotting to beef up a Treasury unit set up by the last Labour government.

LIVERPOOL, ENGLAND - OCTOBER 09: Rachel Reeves Labour MP for Leeds West, Shadow chancellor delivers her speech to conference on October 09, 2023 in Liverpool, England. Shadow Chancellor Rachel Reeves is among MPs and Shadow Ministers addressing delegates on day two of Labour Party conference. (Photo by Nicola Tree/Getty Images)
Shadow Chancellor Rachel Reeves plans to beef up the Enterprise and Growth Unit if Labour wins the next election
Getty

Officials from the Enterprise and Growth Unit will be integrated into the budget and spending review process in a bid to bolster prosperity.

In a speech to the City of London’s banking and finance community tomorrow night, Ms Reeves will promise a “new chapter in Britain’s economic history”.

She will vow to “reject managed decline” and drive growth by bringing together the private and public sector.

Ms Reeves will say: “I remain an optimist about our ability to rise to the challenges we face.

“If we can bring together public and private sectors, in a national mission – directed at restoring strong economic growth across Britain.

“And unlike the 1980s, growth in the years to come must be broad-based, inclusive and resilient.”

Her remarks come as Labour are 20-points ahead in the polls and warring Tory MPs are plotting to unseat Prime Minister Rishi Sunak.

George Osborne delivered the same lecture just a few months before the 2010 election where he became Chancellor.





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